World Bank Group Korea Office Opening Statement by World Bank Group President Jim Yong Kim

PHOTOS

Jim Kim Visits Korea

It’s a pleasure to be here to open the new World Bank Group Korea Office in Songdo, which was made possible with the generous support of the Korean government, and our host, the city of Incheon.

Korea is a true development success story and an inspiration for developing countries across the world.

At the World Bank Group, we have set two important goals – to end extreme poverty by 2030 and build shared prosperity -- so that we can create opportunities for all.

The next few years will be critical.

Today, we also celebrate the opening of the Green Climate Fund secretariat in this city. This is one way that the international development community is coming together to address climate change – what I see as one of the greatest challenges of our life time.

It will not be easy, but I am optimistic.

After all, we have many examples in history of overcoming major challenges. One example is right here in Korea. It was only 60 years ago that the world called Korea a basket case. Just look at Korea now.

Korea is playing an increasingly active role in global development, and I’m hopeful that the new office will help us expand our collaboration with the Korean government and Korean businesses.

In Korea, we will be working as one World Bank Group, with IFC, our private sector arm, and MIGA.

Promoting investments in emerging markets is another area we’re focusing on, which we believe is a ‘win-win’ for Korea.

During my visit, I hope to discuss with all our Korean partners how better we can work together to accelerate our work to end poverty and build shared prosperity. Thank you very much.